Sammaan Capital Limited, formerly Indiabulls Housing Finance, has officially entered a transformative new chapter following a successful USD 1 billion (₹8,850 crore) strategic investment from the IHC Group. The partnership, part of a landmark UAE–India bilateral agreement, sees the Middle Eastern giant become a promoter with an initial 28.5% stake. The company is now pivoting toward aggressive growth, expanding its product suite and leveraging advanced AI to become a full-suite financial institution.
Strategic Investment and New Ownership
Sammaan Capital has successfully closed its legacy chapter by securing a USD 1 billion strategic investment from the International Holding Company (IHC) Group. This infusion represents one of the largest foreign direct investments in Indian financial services history. As of May 20, 2026, IHC holds a 28.5% stake following the initial ₹5,652 crore tranche, with the remaining ₹3,198 crore expected over the next 18 months through warrant conversion, potentially increasing the stake to 43.5%.
Financial Results and Corporate Governance
Reporting for the fourth quarter and full year ending March 31, 2026, the company maintains a robust balance sheet with a Capital Adequacy Ratio (CAR) of 20.3% and a Liquidity Coverage Ratio of 139%. Reflecting the new institutional backing, credit rating agencies have upgraded the company to AA+/Stable. Furthermore, Mr. Alwyn Crasta, Group CFO of IHC, has been appointed to the Board of Directors, signaling deeper integration with the parent group.
Aggressive Growth and Expansion Strategy
The company has laid out an ambitious roadmap labeled SCL 2.0, targeting an AUM of ₹1,90,000+ crore by FY30. Key strategic pillars for this growth include:
- Product Diversification: Expanding from the current 4 products to over 12, including the introduction of Personal and Gold Loans in FY27.
- Tech and AI Integration: Identifying 37 AI use cases to enhance credit assessment, productivity, and customer experience.
- Operational Scale: Scaling the branch network from 217 to approximately 1,600, and growing the total workforce to 20,000 employees by FY30.
Mr. Gagan Banga, MD & CEO, stated that this infusion of capital and management expertise allows the company to transition into an institution built for scale, fully capitalizing on India’s retail credit market potential.
Source: BSE
